Operating on behalf of its client, a fabricator of steel bridge components, Palladino Associates structured and negotiated $8 million financing package for a new fabrication facility. This
financing will cover 100% of the facility cost.

The financing will include $1.2 million of Economic Development Grants from the state, $3.2 million capital contribution by the local industrial development authority and a $3.4 million, low
cost, 25 year loan from the State Board of Investment.

In addition, the Company will receive up to $1 million in reimbursement from the State for new employee training costs. The Company is expecting to create 200 new jobs as a result of
this financing.